Word: profits
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Dates: during 1960-1969
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...concert was free, unlike all the previous ones sponsored by the 1967 Summer School. The top brass and woodwind would do well to consider reverting to the policy of earlier summers and making all its concerts free - at least to students - since the Summer School reportedly shows a fat profit every year. It is really niggardly to ask students to pay money to sit it a Turkish bath and listen to music saddled with obbligati by fire sirens, motorcycle mufflers, and horns of the non-french variety...
...better off. General Motors, which suffered a disastrous first quarter as new-car sales slumped, managed a brighter second quarter as springtime customers appeared. Sales rose 1% in the second quarter, to $5.6 billion, and earnings of $522 million were only 4.4% below last year v. a first-quarter profit drop of 34%. For the half-year, profits were $911,567,400, or 20% below last year. Chrysler's Chairman Lynn Townsend reported improved second-quarter sales of $1.6 billion with earnings off 11%, to $54.4 million, from the year-ago figure but better than the first quarter...
...AEROSPACE. At recently merged McDonnell Douglas Corp., an after-tax loss of $41 million for Douglas wiped out a $28 million profit for McDonnell. North American Aviation, hit by adverse readjustment of its space contracts, including the Apollo project, following the fatal fire at Cape Kennedy, reported a 59% drop in earnings for the quarter...
Until five years ago, Denver-based Frontier Airlines chugged along as a small feeder line, earning minuscule profits and quite a bit of ill will with an ancient DC-3 fleet that was forever running late. Since then, Frontier has picked up speed enough to become a leader among the nation's 13 local service carriers. In 1966, it not only earned the largest profit ($1,790,000) among the regionals but also showed the greatest increase (58%) among all U.S. scheduled airlines in revenue passenger miles-the number of paying customers multiplied by distance flown...
...rent supplements plan barely won its first authorization in 1966 after severe cutbacks. It authorizes the Government to contract non-profit and co-operative local housing sponsors to pay the difference between 25 per cent of a poor person's income and his rent in standard housing. The sponsors then reserve part of their housing space for the subsidized tenants, and the Government pays the necessary subsidies on that space for periods of up to 40 years...